Investors buying Camoplast's thermoplastic division

By Rhoda Miel
News Editor

Published: October 3, 2012 6:00 am ET

Related to this story

Topics Automotive, Mergers & Acquisitions, Injection Molding, Blow Molding

SHERBROOKE, QUEBEC (Oct. 3, 3:15 p.m. ET) — Private equity firm Desjardins Group is buying the thermoplastic division of Canada’s Camoplast Solideal. The division’s management team also will have a stake in the business.

The new firm will oversee all of Camoplast’s operations related to developing, manufacturing and the sale of injection molded and blow molded products. It will operate under the name Exo-s once the deal is completed.

“By becoming a standalone business, the team we have will be able to focus on accelerating our growth perspectives,” said Emmanuel Duchesne, CEO of Exo-s, in a news release.

Terms of the deal were not released.

The new company will be based in Sherbrooke, Quebec, and have 500 employees with additional operations in the Michigan towns of Three Rivers, Coldwater and Centerville as well as a sales office in Troy, Mich.

The business makes engine covers, thermal systems, coolant reservoirs washer reservoirs and air induction systems for the auto industry and a variety of agriculture and all-terrain utility vehicle parts.

Montreal-based Desjardins Capital said the investment will help ensure continued growth for “Quebec’s most promising businesses” while allowing them to retain a local base.

Camoplast, meanwhile, will be able to continue its focus on the design, manufacturing and distribution of off-road tires, tracks, undercarriage systems and other components for the agriculture, material handling and off-road sports equipment industries.


Comments

Investors buying Camoplast's thermoplastic division

By Rhoda Miel
News Editor

Published: October 3, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Ford's final ACH plant, injection molder of HVAC systems, to close

October 22, 2014 1:58 pm ET

Ford Motor Co. will shed the last line of business in 9-year-old Automotive Component Holdings LLC by December when ACH closes its Plymouth, Mich.,...    More

Image

Comar merging with Convergence Packaging

October 21, 2014 5:07 pm ET

A couple of plastic packaging companies owned by private investment firm Graham Partners are merging into a single entity.    More

Image

Celanese buys conductive polymer supplier

October 21, 2014 4:31 pm ET

Materials firm Celanese Corp. has acquired most of the assets of conductive polymers maker Cool Polymers Inc. for an undisclosed price.    More

Image

Report: SVP takes Klöckner Pentaplast off the market

October 21, 2014 4:19 pm ET

Plastic sheet leader Klöckner Pentaplast Group is no longer for sale, according to an Oct. 21 Reuters article.    More

Image

Wisconsin cast film maker buys Ohio blown film specialist

October 21, 2014 2:57 pm ET

A Midwest U.S. acquisition has created a company armed with two distinct film technologies: cast films and coextruded blown film constructions.    More

Market Reports

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events